The Daily Dig for Thursday, June 11

Nonprofit partners with Lending Club to fund risky loans in California

Businesses operating in underserved parts of California have another funding opportunity as a nonprofit has partnered with Lending Club to fund loans to businesses Lending Club would not normally assist. Tanaya Macheel reports.

The reason little banks are being picked off by big banks

“Consolidation”. “Synergy”. They are both part of the reason the number of banks in the U.S. is in steep decline. Jay Jenkins reports.

A two-time LendIt Journalist of the Year nominee and winner in 2018, Tony has written more than 2,000 original articles on the blockchain, peer-to-peer lending, crowdfunding and emerging technologies over the past seven years, making him one of the senior writers in the alt-fi sector.

"The evolution of the crowdfunding and peer-to-peer lending scenes is absolutely fascinating to chronicle. It is a joy to be around people with such passion and vision."